California Loses Most Jobs as Ranks of States With 10% Unemployment Swell

[marmar]

California, Texas, Ohio Showed Biggest Job Losses (Update2)
By Courtney Schlisserman


Jan. 22 (Bloomberg) -- Employment dropped in 39 U.S. states in December, seven more than in the prior month, indicating job losses were widespread.

Payrolls in California showed the biggest decline, falling by 38,800 last month, according to figures issued today by the Labor Department in Washington. Texas followed with a 23,900 decline and Ohio was next with a 16,700 drop.

With the national unemployment rate projected to average 10 percent this year, state budgets may continue to be strained by limited tax revenue and jobless insurance payments. While the pace of firings has eased over the last year, the time it is taking to find a job rose to a record 29.1 weeks in December.

Employment is “still very weak, which is why we think the unemployment rate is going to continue to rise,” Marisa Di Natale, a director at Moody’s Economy.com in West Chester, Pennsylvania, said before the report. “There are some states that are in pretty big trouble, fiscally speaking. 2010 is not going to be a good year.”

The jobless rate in the U.S. held at 10 percent in December, the Labor Department said on Jan. 8. A jump in the number of discouraged workers leaving the labor market kept the rate from rising. ...........(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=aNZFxL6vFWZE&pos=7

[aquart]

1. Nonsense. The recession is long over. Look at the bonuses!

My bitterness is threatening to choke me.

[flyarm]

2. where are the DLC cheerleaders who have been posting nonstop how great the economy is getting?

You know who they are..so do I..and they have fed these boards with nothing but bullshit..

do not let them do it anymore!
People who have lost jobs deserve better than their bullshit!

[vicdoc]

3. Interactive map here....

Shows how the unemployment as it progresses month by month, down to the county.
<http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html>

[fujiyama]

4. Something really freaky about that

It looked like the spread of the plague or something!

I was focusing on my home state of MI, and it's incredible how dark it's been for over two years (a shade of purple indicating that this state's unemployment rate has been high for a while now) and then almost the entire state basically turns black over the last year or so.

[vicdoc]

7. Sad thing is the numbers have gotten worse since November

We are over 10%, and that doesn't include the folks who have given up. I don't buy the claims that everything is turning around. It is still bad out there.

[DemocratSinceBirth]

5. Reagrdless Of Who Is To Blame, Massive Unemployment Is Going To Sink The Democratic Parry

~

[XemaSab]

6. It's a fact up here in the North State

:(